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Canada Government

The economic debate we got and the one we need

I feel more like a broken record: another piece for Ricochet on the economic debate in the 2015 election and the missing big picture. This after the Globe Debate on the economy.

The Conservatives have promised balanced budgets and have even enshrined them in law. The NDP is also promising balanced budgets, painting itself as “responsible” with government finances.

The Liberals are the only party to break out of the balanced budget consensus, admitting that for a few years they may run small deficits of about $10 billion, or 0.5 per cent of GDP.

The leaders will meet in Calgary to go head-to-head at an event sponsored by the Globe and Mail. But will they break out of the narrow constraints that have thus far defined the conversation on the economy?